Skeena Resources Limited (NYSE:SKE) is Helikon Investments Ltd’s 4th Largest Position

Helikon Investments Ltd lifted its holdings in shares of Skeena Resources Limited (NYSE:SKE) by 316.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,930,424 shares of the company’s stock after buying an additional 6,784,027 shares during the quarter. Skeena Resources comprises 8.1% of Helikon Investments Ltd’s investment portfolio, making the stock its 4th biggest position. Helikon Investments Ltd owned about 8.30% of Skeena Resources worth $77,873,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of SKE. FNY Investment Advisers LLC raised its holdings in Skeena Resources by 2,252.9% during the 4th quarter. FNY Investment Advisers LLC now owns 4,000 shares of the company’s stock valued at $34,000 after acquiring an additional 3,830 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Skeena Resources in the third quarter valued at $43,000. Dynamic Technology Lab Private Ltd bought a new position in Skeena Resources in the 3rd quarter worth about $93,000. Pinnacle Wealth Management Group Inc. purchased a new position in Skeena Resources during the 3rd quarter valued at about $110,000. Finally, Virtu Financial LLC bought a new stake in shares of Skeena Resources during the third quarter valued at about $113,000. 45.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Desjardins raised shares of Skeena Resources to a “moderate buy” rating in a research note on Thursday, October 31st.

Skeena Resources Stock Performance

Skeena Resources stock opened at $9.92 on Monday. Skeena Resources Limited has a fifty-two week low of $3.29 and a fifty-two week high of $10.33. The stock has a market cap of $1.07 billion, a P/E ratio of -7.24 and a beta of 1.27. The firm’s fifty day moving average price is $9.24 and its 200-day moving average price is $8.45.

Skeena Resources Profile

Skeena Resources Limited explores for and develops mineral properties in Canada. The company explores for gold, silver, copper, and other precious metal deposits. It holds 100% interests in the Snip gold mine comprising one mining lease and nine mineral tenures that covers an area of approximately 4,724 hectares; and the Eskay Creek gold mine that consists of eight mineral leases, two surface leases, and various unpatented mining claims comprising 7,666 hectares located in British Columbia, Canada.